Adimitra, Vitol in coal supply deal
Tuesday, October 6 2009 - 02:32 AM WIB
East Kalimantan coal miner PT Adimitra Baratama Nusantara has secured 3.5 million tonnes coal supply contract with energy trading firm Vitol.
A Petromindo.Com source said Adimitra will supply Vitol for three years until 2012.
The source did not disclose when the first shipment will start.
The company had earlier clinched a 3.8 MT supply deal with another trading firm Flame SA for four year starting September.
Adimitra has appointed IDX-listed mining contractor PT Petrosea to conduct mining works with first year target of 2 million tonnes, ramping up to 3MTPA in the following years.
The company?s has JORC-compliant reserves of 37 MT with resources of more than 100 MT with CV of 5,800-6,300Kcal/kg (ADB).(denny)